scholarly journals Transportation Infrastructure Construction and High-Quality Development of Enterprises: Evidence from the Quasi-Natural Experiment of High-Speed Railway Opening in China

2021 ◽  
Vol 13 (23) ◽  
pp. 13316
Author(s):  
Tianjiao Zhao ◽  
Xiang Xiao ◽  
Qinghui Dai
Keyword(s):  
Information Disclosure ◽  
High Speed ◽  
Natural Experiment ◽  
Quality Development ◽  
High Quality ◽  
Quality Of Information ◽  
High Speed Railway ◽  
Business Environments ◽  
The Impact

High-quality development of the economy is an important guarantee for economic and business sustainability, and the construction of transportation infrastructure is an important channel to achieving high-quality development. Thus, we take the opening of China’s high-speed railway (HSR) as a quasi-natural experiment and use the difference-in-difference model to explore the impact and mechanism of HSR on firms’ high-quality development. By using the total factor productivity of enterprises as the proxy for high-quality development, the empirical results show that: (1) the opening of the HSR can significantly promote high-quality development of enterprises; (2) the quality of information disclosure plays a mediating role in such relationships; and (3) the impact of HSR on enterprises’ high-quality development is more significant for enterprises that are located in cities with better business environments. Overall, this research indicates that local infrastructure construction is an important factor to achieve high-quality development of enterprises as well as economic sustainability that cannot be ignored, and this conclusion will be helpful for corporate managers in enhancing the quality of information disclosure, as well as for local governments to attach more importance to optimizing business environments to achieve high-quality development and economic sustainability.

scholarly journals The Impact of High-Speed Railway on China’s Regional Economic Growth Based on the Perspective of Regional Heterogeneity of Quality of Place

2021 ◽  
Vol 13 (9) ◽  
pp. 4820
Author(s):  
Shanlang Lin ◽  
Prithvi Raj Dhakal ◽  
Zhaowei Wu
Keyword(s):  
Economic Growth ◽  
High Speed ◽  
Regional Economic Growth ◽  
High Speed Railway ◽  
Regional Economic ◽  
Fixed Assets ◽  
Quality Of Place ◽  
Investment In Fixed Assets ◽  
The Impact

Transport enables trade between people, which is essential for the development of civilizations. Transport is a crucial necessity for specialization, allowing production and consumption of products to occur at different locations. High-speed rail (HSR) allows the flow of people between regions, cities, countries. With rapid global development in HSR technology for passenger transportation, it plays a vital role in transportation systems. The improvement of the quality of cities with different emphasis will bring different economic development results. Therefore, exploring the impact of high-speed railways and quality of place on economic development is necessary. This paper takes the prefecture-level city with a high-speed railway opened in 2008–2013 as the research sample and takes other prefecture-level cities in the country as the control group. The study findings revealed that employment, investment in fixed assets, average wage, and higher education institute significantly affect China’s regional economic growth. Institute of higher education reflects the negative effect on the regional economic growth whereas the employment, investment in fixed assets, and average wage rate positively impact it. Based on the results, it can be concluded that China’s regional economy is significantly affected by its quality.

scholarly journals High-Speed Railway Opening and Corporate Fraud

2021 ◽  
Vol 13 (23) ◽  
pp. 13465
Author(s):  
Chen Wang ◽  
Jack Strauss ◽  
Lei Zheng
Keyword(s):  
Internal Control ◽  
Information Disclosure ◽  
High Speed ◽  
Market Competition ◽  
Control Level ◽  
Listed Companies ◽  
Inhibitory Effect ◽  
High Speed Railway ◽  
Corporate Fraud ◽  
The Impact

The impact of high-speed railway (HSR) on corporate behavior has recently attracted both practical and theoretical interest. In this paper, based on a sample of A-share listed companies from 2007 to 2020 in China, we use a difference-in-difference model to explore the impact of HSR openings on corporate fraud and analyze its mechanism. We find that HSR introduction has several important implications. First, it reduces the tendency and frequency of corporate fraud. Second, HSR opening restrains corporate fraud by improving the external supervision level and reducing the financing constraints of the company. Third, the inhibitory effect of the HSR opening on corporate fraud is significant when the market competition is less intense, and the company’s internal control level is poor. Fourth, after distinguishing types of fraud, HSR opening can still significantly inhibit information disclosure fraud and manager fraud, but not operation fraud. These results indicate that HSR openings promote the flow of information and labor across regions, alleviating the information asymmetry of firms. Our findings are conducive to improving the governance environment of the listed companies, which provides new clues for discovering and restricting corporate fraud.

scholarly journals DISPERSION COMPENSATION USING ELECTRONIC METHODS BROADCASTING SYSTEM

2021 ◽  
Vol 7 (1) ◽  
pp. 33-38
Author(s):  
Augustin Vyukusenge ◽  
Keyword(s):  
Communication Systems ◽  
Information Transfer ◽  
High Speed ◽  
Fiber Optic ◽  
Coherent Detection ◽  
Processing Unit ◽  
Quality Of Information ◽  
Transmission Systems ◽  
The Impact

System distortions due to chromatic dispersion (CD), polarization mode dispersion (PMD), laser phase noise and fiber nonlinearities have a significant impact on the performance of high-speed fiber optic networks. In connection with the need to improve the quality of information transmission in high-speed fiber-optic communication systems, coherent detection with a digital signal processing unit is of particular interest. The main goal of the DSP block is to reduce the impact of linear and nonlinear effects that degrade the quality of information transfer. In this direction, the use of adaptive filters with adaptation algorithms for filter coefficients plays an important role. The Constant Modulus Algorithm (CMA) and the Least Mean Square (LMS) method used to compensate for dispersion distortions are presented. The load on transport networks based on fiber-optic transmission systems is increasing at an accelerating rate. This paper discusses the possibility and limitations of increasing the throughput of fiber-optic transmission systems by reducing the distance between carriers. A comparison is made between fixed and flexible grids in terms of the spectral bandwidth efficiency. It is concluded that the use of flexible mesh technology is promising when switching to channel speeds above 100 Gbit/s.

scholarly journals Equity pledge of major shareholders, quality of information disclosure and synchronization of stock price

2021 ◽  
Vol 235 ◽  
pp. 01032
Author(s):  
Qin Yue ◽  
Jiameng Chen
Keyword(s):  
Information Disclosure ◽  
Stock Price ◽  
Disclosure Quality ◽  
Quality Of Information ◽  
Large Shareholder ◽  
Negative Role ◽  
The Impact ◽  
The Relationship

The synchronization of stock price is an important index to measure the information of stock price. Compared with the countries with mature capital market, the synchronization of stock price in China is on the high side, and the fluctuation of stock price often presents the phenomenon of “rising and falling together”. This paper studies the impact of pledge of major shareholders’ equity on the synchronization of stock price, and further explores the role of information disclosure quality. Based on the data of China’s A-share listed companies in 2013-2019, the empirical study shows that: there is a large shareholder equity pledge in enterprises, and the synchronization of stock price is higher, and with the increase of the proportion of large shareholder equity pledge, the impact is more significant; the quality of information disclosure plays a significant negative role in the relationship between the synchronization of large shareholder equity pledge and stock price, easing the impact of large shareholder equity pledge the impact on stock price synchronization.

scholarly journals How Different Fermentation Type Affects Volatile Composition of Plum Jerkums

2021 ◽  
Vol 11 (10) ◽  
pp. 4658
Author(s):  
Magdalena Januszek ◽  
Paweł Satora
Keyword(s):  
Volatile Compounds ◽  
Current Paper ◽  
Higher Alcohols ◽  
High Quality ◽  
Volatile Composition ◽  
Spontaneous Fermentation ◽  
Fermentation Efficiency ◽  
Yeast Strains ◽  
The Impact

Quality of plum jerkum is significantly associated to the profile of volatile compounds. Therefore, we decided to assess the impact of various fermentation types on selected properties of plum jerkums, especially compounds which contribute to the aroma of the finished product. We used the following yeast strains: S. cerevisiae S1, H. uvarum H2, and Ethanol RED (S. cerevisiae). Moreover, we considered spontaneous fermentation. S. cerevisiae and H. uvarum strains were isolated during the fermentation of Čačanska Lepotica or Węgierka Dąbrowicka (plum cultivars), respectively. As for fermentation type, spontaneous fermentation of H. uvarum H2 provided the best results. It could be associated to the fact that plum juices fermented with H. uvarum H2 presented the highest concentration of terpenoids, esters, or some higher alcohols. In the current paper, application of indigenous strains of yeasts resulted in the required oenological characteristics, e.g., highest fermentation efficiency and concentration of ethanol was determined in juices fermented with Ethanol RED (S. cerevisiae) and also with S. cerevisiae S1. Our results suggested that indigenous strains of yeasts present in plums demonstrate great potential for the production of plum jerkums of high quality.

scholarly journals Health-Related Quality of Life of Elderly Women with Fall Experiences

2021 ◽  
Vol 18 (15) ◽  
pp. 7804
Author(s):  
Jiyoung Song ◽  
Eunwon Lee
Keyword(s):  
Quality Of Life ◽  
Elderly Women ◽  
The Elderly ◽  
Basic Data ◽  
Health Related Quality ◽  
High Quality ◽  
Related Quality ◽  
Health Related ◽  
The Impact

This study aimed to describe the health-related quality of life of elderly women with experience in fall treatment as well as to prepare basic data for the development of interventions to improve the quality of life for this group. The study was based on raw data from the 2019 Korea Community Health Survey. Using the SPSS program, the characteristics of the subjects were tested by frequency, percentage, and chi-square test. To establish the impact of fall experience on the health-related quality of life of elderly women, the OR and 95% CI were calculated using multiple logistic regression analysis. Of the 4260 people surveyed, 44.7% of the elderly women said they had a high quality of life, whereas 55.3% of the elderly women said they had a low quality of life. A younger age was associated with a better-rated health-related quality of life. Those who lived in a city and had a high level of education tended to describe a high quality of life. The quality of life was considered high by those who exercised, but low by those who were obese or diabetic. The results of this study can lead to a better understanding of the experiences of elderly women who have experienced falls, and they can be used as basic data for the development of related health programs.

scholarly journals Does the Opening of High-Speed Railway Lines Reduce the Carbon Intensity of China’s Resource-Based Cities?

Energies ◽  
2021 ◽  
Vol 14 (15) ◽  
pp. 4648
Author(s):  
Zhipeng Tang ◽  
Ziao Mei ◽  
Jialing Zou
Keyword(s):  
High Speed ◽  
National Average ◽  
Carbon Intensity ◽  
Time Varying ◽  
Low Carbon ◽  
High Speed Railway ◽  
Different Types ◽  
Endogenous Selection ◽  
Mode Of Development ◽  
The Impact

The carbon intensity of China’s resource-based cities (RBCs) is much higher than the national average due to their relatively intensive mode of development. Low carbon transformation of RBCs is an important way to achieve the goal of reaching the carbon emissions peak in 2030. Based on the panel data from 116 RBCs in China from 2003 to 2018, this study takes the opening of high-speed railway (HSR) lines as a quasi-experiment, using a time-varying difference-in-difference (DID) model to empirically evaluate the impact of an HSR line on reducing the carbon intensity of RBCs. The results show that the opening of an HSR line can reduce the carbon intensity of RBCs, and this was still true after considering the possibility of problems with endogenous selection bias and after applying the relevant robustness tests. The opening of an HSR line is found to have a significant reducing effect on the carbon intensity of different types of RBC, and the decline in the carbon intensity of coal-based cities is found to be the greatest. Promoting migration of RBCs with HSR lines is found to be an effective intermediary way of reducing their carbon intensity.

Impacts of high-speed railway on the industrial pollution emissions in China

Kybernetes ◽  
2020 ◽  
Vol 49 (11) ◽  
pp. 2713-2735 ◽  
Author(s):  
Xiaomin Fan ◽  
Yingzhi Xu ◽  
Yongqing Nan ◽  
Baoli Li ◽  
Haiya Cai
Keyword(s):  
Environmental Effects ◽  
Industrial Pollution ◽  
High Speed ◽  
Assessment Method ◽  
Economic Effects ◽  
High Speed Railway ◽  
Central Cities ◽  
Content Type ◽  
Pollution Emissions ◽  
The Impact

Purpose The purpose of this paper is to analyse the impact of high-speed railway (HSR) on industrial pollution emissions using the data for 285 prefecture-level cities in China from 2004 to 2016. Design/methodology/approach The research method used in this paper is the multi-period difference-in-differences (DID) model, which is an effective policy effect assessment method. To further address the issue of endogeneity, the DID integrated with the propensity score matching (PSM-DID) approach is employed to eliminate the potential self-selection bias. Findings The results show that the HSR has significantly reduced industrial pollution emissions, which is validated by several robustness tests. Compared with peripheral cities, HSR exerts a greater impact on industrial pollution emissions in central cities. In addition, the mechanism test reveals that the optimised allocation of inter-city industries is an important channel for HSR to mitigate industrial pollution emissions, and this is closely related to the location of HSR stations. Originality/value Previous studies have paid more attention to evaluating the economic effects of HSR, however, most of these studies overlook its environmental effects. Consequently, the impact of HSR on industrial pollution emissions is led by using multi-period DID models in this paper, in which the environmental effects are measured. The results of this paper can provide a reference for the pollution reduction policies and also the coordinated development of economic growth and environmental quality.

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